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Originally Posted by frahse
Finally a answer from Apple's Tim Cook for all those Apple fans saying "Say it ain't so Tim. Say it ain't so.
(note, I couldn't insert a link in. May try later.)
From Axios: Tim Cook: "iPhone X is no dud."
Exerpt: "The iPhone X is a beloved product," he said.
He compared the situation to when your team wins the Super Bowl but you might have wished they scored a few more points.
Well, that seems pretty strong, but let us wait and see what the analysts say...
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Let's see revenue up 16% with a record $13.82 billion profit for the quarter, with revenue from iPhones sales up 14% for the quarter.
Can't say that I'm real thrilled about the $100 B stock buy back plan as a bone to investors. Steve Jobs always resisted the pressure of stock holder demands (we want all your money and we want it now!), but Cook's first act after Job's died was to start feeding the beast. Investors always want more, more, more. Too many CEO's forget that investors are just one of the many stakeholders when it comes to corporations. You have to keep customers and employees happy as well if you want a healthy company. I guarantee that $100 B will be the new starting point for investor demands from Apple and stocks will plummet if Apple doesn't match that next year.